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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Operating Revenues        
Passenger, Mainline $ 1,036 $ 1,019 $ 1,963 $ 1,920
Passenger, Regional 227 212 433 398
Total passenger revenue 1,263 1,231 2,396 2,318
Freight and mail 27 30 51 53
Other - net 204 176 394 335
Total Operating Revenues 1,494 1,437 2,841 2,706
Operating Expenses        
Wages and benefits 332 305 668 611
Variable incentive pay 32 32 64 58
Aircraft fuel, including hedging gains and losses 201 261 368 496
Aircraft maintenance 65 52 133 115
Aircraft rent 26 26 55 52
Landing fees and other rentals 63 66 143 137
Contracted services 60 51 120 102
Selling expenses 55 54 104 107
Depreciation and amortization 92 79 180 155
Food and beverage service 31 28 62 53
Third-party regional carrier expense 24 17 47 33
Other 81 94 175 177
Special items - merger costs 14 0 14 0
Total Operating Expenses 1,076 1,065 2,133 2,096
Operating Income 418 372 708 610
Nonoperating Income (Expense)        
Interest income 7 6 13 11
Interest expense (9) (11) (22) (22)
Interest capitalized 7 8 15 16
Other - net (3) 1 (2) 1
Nonoperating Income (Expense) Total 2 4 4 6
Income before income tax 420 376 712 616
Income tax expense 160 142 268 233
Net Income $ 260 $ 234 $ 444 $ 383
Basic Earnings Per Share (usd per share) $ 2.11 $ 1.80 $ 3.58 $ 2.93
Diluted Earnings Per Share (usd per share) $ 2.10 $ 1.79 $ 3.56 $ 2.91
Shares used for computation:        
Basic shares (shares) 123,250,000 129,236,000 123,900,000 130,173,000
Diluted shares (shares) 123,988,000 130,255,000 124,715,000 131,271,000
Cash dividend declared per share (usd per share) $ 0.275 $ 0.20 $ 0.55 $ 0.40